LIC Housing Finance Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030 | LIC Housing Finance Fundamentals, Financial Trends, Businesses and more
This article is going to be very interesting. Because in by this blog we are going to talk about a finance sector stock which has the potential to give good returns in the future. The price of this stock is around Rs 400 and can go up to Rs 1000 in the coming years. So stay tuned till the end of this article so that you can get to know better about this company.
Hey friends, I welcome you to my blog WasteorInvest. As you know that the name of this stock is LIC Housing Finance Limited. This company works in financial sector which gives housing facility to its customers. So before knowing the share price target in this, we will know more about it so that you can get a better idea about the company. So let us first know about the LIC Housing Finance, after that we will try to predict LIC Housing Finance share price target.
About LIC Housing Finance
LIC Housing Finance is a large capitalisation stock providing housing finance in India. This company was formed in 19 June 1989 in india. The parent organization of this company is Life Insurance Corporation of India and the headquarter of LIC Housing Finance is located in Mumbai, India.
The LIC Housing Finance Company is engaged in the business of providing finance for construction, purchase, repairs, renovation of houses or buildings. Basically, in India the Company provides long term finance to individuals for the purchase or construction of house or flat for residential purposes.
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Financial Trends of LIC Housing Finance
If we talk about the revenue and profit of LIC Housing Finance Company then –
In 2019, the revenue of LIC Housing Finance was ₹ 17,393 and its profit was ₹ 2,434. There was a revenue of ₹ 19,736 crore in 2020 and a profit of ₹ 2,403 crore. In the same 2021, there was a profit of ₹ 2,741 crore with a revenue of ₹ 20,601 crore. And this year i.e. in 2022 there has been a strong profit of 2,286 crores with a revenue of 19,974 crores.
LIC Housing Finance Share Price Target 2023, 2024, 2025, 2026, 2030 Table
LIC Housing Finance Share Price Target|
₹450 – ₹530|
₹670 – ₹690|
₹795 – ₹825|
₹1075 – ₹1100|
₹1250 – ₹1320|
₹1560 – ₹1600|
₹1890 – ₹1950|
₹2200 – ₹2400|
For more details about the share, watch this video –
LIC Housing Finance Share Price Target 2023
The holding of promoter in the LIC Housing Finance is 45.24% and has been increasing gradually over the past few quarters. The sales growth and profit of the company, revenue have been increasing continuously from last four years. In 2023, we can see good growth because of these. Looking at the company’s business, LIC Housing Finance Share Price Target 2023, the first target we can be see is INR 450. And if the company hits this target the next target is likely to be seen till INR 530. So, if you are investing in the share of LIC Housing Finance for long term, then you will definitely get good returns according to our technical analysis.
LIC Housing Finance Share Price Target 2024
The fundamentals of the LIC Housing Finance are almost right. And as of now the P/E Ratio (6.84) of this stock is quite good and ROE (10.08%) is also good which is considered good for any stocks. If we talk about its book value, then it is now trading at 463 and now this share price is trading around Rs.400. That is, this stock is currently trading lower than its book value, which is good. Taking this into account, if we try to predict the LIC Housing Finance Share Price Target 2024, then first target can be INR 795 and second target will be INR 825.
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LIC Housing Finance Share Price Target 2025
If we talk about the long term price target of the LIC Housing Finance stock, then, as we know, this is a large cap company and the market cap of this company is more then 20 thousands crores. But looking at the business model of the LIC Housing Finance, it is believed that this can perform very well in 2025.
Due to the good management of LIC Housing Finance and the increasing sales and but the company have very high Debt to Equity (8.49), which considered not so good. The company can be expected to earn you potentially quite good returns in future. Talking about the LIC Housing Finance Share Price Target 2025, the first and second target of the company can be INR 795 and INR 825 respectively.
LIC Housing Finance Share Price Target 2030
Before predicting the target share price of this company for 2030, let us know its financial trends. As we can see, If we look at LIC Housing Finance revenue, it is continuously increasing for the last 4 years. The profit of this company was also increasing from 2018 to 2022, and in 2022 it made the highest profit of 2,286 crores. Along with this, the net worth of LIC Housing Finance is also increasing continuously.
Keeping this in mind, if we predict the LIC Housing Finance Share Price Target 2030, then we will get to see first and second target of INR 2200 – INR 2400 respectively. If India’s economy grows continuously as growing, then the company will get more benefits of it.
That’s it in today’s article, we have tried our best to tell you about LIC Housing Finance stock very well. So friends, if you are investing in stocks only after seeing the share price Target, then do not do this. Because there are many reasons behind the rise and fall of the Stock price.
I hope you got to learn a lot from this LIC Housing Finance Share Price Target 2023, 2024, 2025, 2026, 2030 article. And you will be able to decide by yourself whether you have to invest in this stock or not. If you have any queries, please ask in the comment box we will try to solve your issue by providing a better solution.
Is LIC Housing Finance a government company?
Yes, LIC Housing Finance is a government company and the government of India is the owner this company.
What will LIC Housing Finance stock be worth in 10 years?
If we talk to the technical aspects of LIC Housing Finance company, then you will get to see this share price between INR2800 to INR3000, under 10 years.
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DISCLAIMER – Stock Market Investment are subject to market risks, read all scheme related documents carefully before investing.